Sterling Commercial Capital I as a commercial brought a loan to Sterling Commercial Capital / Brian Opert for funding. Sterling advertises as a direct lender, this is not true Sterling in turn with all agreements in place brokered the loan and conspiried with the unethical client to pay them and not me. Liars and Thievs Upper Marlboro Maryland

TO SIMPLIFY: This complaint was filed in 2008 - many years ago.  The complaint was filed by an unhappy mortgage broker, who lost his fee payable ONLY by his client. For this closed loan, Sterling Commercial Capital was the lender, not the client. Sterling was not under contract or other agreement with the broker, and never was under any obligation to pay this broker's fee. Filing this false report was a last ditch effort by this unhappy broker, who found a legitimate company to hang his hat on, accomplishing no financial benefitl for the broker. It is our understanding that he could have accepted the fee he was offered by this client. Instead, he refused and got nothing. This is through no fault of Sterling. This was and continues to be a false allegation.

TO SIMPLIFY: This complaint was filed in 2008 - many years ago.  The complaint was filed by an unhappy mortgage broker, who lost his fee payable ONLY by his client. Sterling Commercial Capital was the lender, not the client. Sterling was not under contract or other agreement with the broket, and never was under any obligation to pay this broker's fee. Filing this false report was a last ditch effort by this unhappy broker, who found a legitimate company to hang his hat on, accomplishing no financial beneficiual for the broker. It is out understanbding that he could have accepted the fee he was offered by this client. Instead, he refused and got nothing. This is through no fault of Sterling. This was and continues to be a false allegation.

Unfortunately, this mortgage broker is blaming Sterling Commercial Capital regarding the treatment he received from his own client. As a broker, Kenneth Holmes did little other than make a referral. The project involved 3 separate C-store operations located in the Detroit area late in 2007. As is our standard procedure, we had pre-sold the loans and so packaging had to also meet our investor's standards. From the outset, Holmes did not document the loan. He did not provide financial information on each operation, never met the client, never visited the properties, did not provide adequate sources and uses information, never fully described the real estate nor provide photos of the properties, did not deal with environmental issues, among other items that were missed. We actually returned the package with detailed instructions and asked Holmes to start over. He refused, and requested that we work directly with the client. As a result, it took a long time for us to receive the information and create up to date and accurate financial information (requiring us to interface with the client and client's accountants numerous times). We were finally able to commit, retain 3rd party consultants and then close the 3 loans. The client/borrower was satisfied. However, he and his attorney advised us that Holmes' broker agreement was not valid. Apparently he had promised a single loan, with much larger loan amount than was possible, rates and terms that were not available, and a time table that could not be achieved. He never modified or extended his agreement. But with Sterling's assistance and insistence, we made certain that Holmes would be paid by the client 1 point from closing proceeds, as a gesture of good business and good faith (not the 2 points on a much larger loan that he expected.) As we understand it, Holmes refused that 1 point fee. Now he blames Sterling for his not being paid. There was no contract or other agreement between Sterling and Holmes. If his broker agreement was in fact still valid, it would have been grounds for a good law suit, or even a lis pendents. But this is not the case. By the way, this loan closed about a year ago - and his post went up 2 weeks ago? Sad story, but Kenneth Holmes' post does not truthfully report the circumstances. [PS: we don't know anything about the Upper Marlboro Maryland references]